Bankruptcy is not the answer for student loan debt

Bankruptcy is not the answer for student loan debt

Yet in a move that's certain to be scrutinized, the Obama administration is weighing whether to loosen bankruptcy laws so some borrowers drowning in student loan debt could unload those burdens and start fresh. The proposal is included in a recently …

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WirePOLITICS: Boyle cosponsors act to provide debt relief for student loans

Boyle said the legislation would provide fairness and debt relief to borrowers with high interest rates on existing student loans in both the public and private markets by allowing them to refinance to lower interest rates, similar to those available …

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Carter: Change promotion and retention rules

Carter also suggested the military consider a sort of reverse GI Bill that would promise to pay off student loans for recruits. "As college loans get bigger and bigger, for people with certain skills, we need to look at ways to help pay off student …

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States vary on plans for money from Standard & Poor's settlement

Other states, including Indiana, Missouri, Mississippi and New Jersey, are not at all specific. The settlement agreement … According to the settlement document for Maine, the payment will be used in “the sole discretion of the Attorney General” for …

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Start-ups expand alternative credit scoring

Trading consumer-backed bonds for Morgan Stanley in 2007, just before the market crashed, gave Kate Hao her first flash of a business idea for a new way to assess creditworthiness. Hao wanted to find out more about the consumers behind … Companies …

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Bill Prohibits Drivers License Revocation For Student Loan Default

A Montana law that allows the state to revoke peoples' drivers licenses for defaulting on their student loans appears headed for the scrap heap. On Friday a bill to … Helena Democrat Moffie Funk sponsored the new bill taking away that authority. She …

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